Vision Capital Management Inc. Sells 598,848 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Vision Capital Management Inc. lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 93.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,078 shares of the company’s stock after selling 598,848 shares during the quarter. Vision Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fragasso Financial Advisors Inc grew its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock valued at $100,086,000 after buying an additional 20,487 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock worth $57,157,000 after acquiring an additional 139,644 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock worth $39,801,000 after acquiring an additional 111,937 shares during the period. Financial Solutions Advisory Group Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth $39,615,000. Finally, Summit Asset Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 1,268,811 shares of the company’s stock worth $39,282,000 after acquiring an additional 8,217 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $34.16 on Tuesday. The company’s 50-day moving average price is $35.17 and its 200-day moving average price is $34.89. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a twelve month low of $28.25 and a twelve month high of $36.92.

Schwab U.S. Mid-Cap ETF Profile

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.